• Thor Industries average operating margin for 2023 was 6.05%, a 33.15% decline from 2022.
• Thor Industries average operating margin for 2022 was 9.05%, a 28.55% decline from 2021.
• Thor Industries average operating margin for 2021 was 7.04%, a 51.07% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.